Kingsview Wealth Management LLC Invests $1.19 Million in Antero Resources Co. (NYSE:AR)

Kingsview Wealth Management LLC bought a new position in shares of Antero Resources Co. (NYSE:AR – Get Rating) during the third quarter, HoldingsChannel reports. The institutional investor bought 39,000 shares of the oil and natural gas company’s stock, valued at approximately $1,191,000.

A number of other institutional investors have also modified their holdings of AR. BDO Wealth Advisors LLC bought a new position in shares of Antero Resources during the second quarter valued at approximately $31,000. CoreCap Advisors LLC bought a new position in shares of Antero Resources during the second quarter valued at approximately $32,000. SeaCrest Wealth Management LLC bought a new position in shares of Antero Resources during the second quarter valued at approximately $37,000. US Bancorp DE boosted its stake in shares of Antero Resources by 3,532.9% during the first quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock valued at $78,000 after purchasing an additional 2,473 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Antero Resources by 65.0% in the third quarter. Fifth Third Bancorp now owns 3,300 shares of the oil and natural gas company’s stock valued at $101,000 after acquiring an additional 1,300 shares in the last quarter. 77.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AR has been the subject of several research reports. Tudor Pickering downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th. TD Securities reduced their target price on shares of Antero Resources from $50.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, February 16th. Morgan Stanley reduced their target price on shares of Antero Resources from $34.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, January 24th. Wells Fargo & Company initiated coverage on shares of Antero Resources in a report on Tuesday, January 24th. They set an “overweight” rating and a $34.00 target price for the company. Finally, Mizuho reduced their target price on shares of Antero Resources from $51.00 to $38.00 in a report on Friday, March 10th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and a consensus target price of $40.90.

Antero Resources Stock Up 0.5 %

AR opened at $23.14 on Wednesday. Antero Resources Co. has a fifty-two week low of $22.59 and a fifty-two week high of $48.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.44 and a current ratio of 0.44. The company has a fifty day moving average of $27.55 and a two-hundred day moving average of $32.52. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 3.95 and a beta of 3.48.

About Antero Resources

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Antero Resources Corp. engages in the development, production, exploration and acquisition of natural gas. It operates through the following segments: Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream. The Exploration and Production segment deals with the development and production of natural gas, NGLs, and oil.